Have Tax Questions? Ask a Tax Expert for Answers ASAP
Dear Judy -
In most cases in California when there is a transfer of real estate by a non-resident, the escrow agent withholds funds on the sale to cover (partially cover) the CA tax liability. You should receive a Form 593 that reports the amount withheld. You should check with the broker/escrow agent to determine if there was tax withheld.
In the event that there was no withholding, you should make an estimated tax payment on June 15th. If you wait until you file in 2010 you may be subject to underpayment of estimated tax penalties.